According to Odaily, the Federal Reserve has announced the withdrawal of the regulatory guidance on banks' cryptocurrency assets and dollar token transactions, along with updates to related trading expectations standards. Analysts suggest that this move signifies a broader legitimization of Bitcoin in the eyes of regulatory bodies, extending beyond mere banking policies. This development is expected to help the Federal Reserve accelerate its vision of creating a financial environment where Bitcoin is as accessible and secure as traditional fiat currency. Consequently, Bitcoin checking accounts, cryptocurrency-backed loans, and conversion between cryptocurrencies and fiat currencies may be integrated into traditional banking services sooner than anticipated.